Bovis Homes Group Plc:Says strong trading position will enable the delivery of a significant increase in profits in FY 2014 in line with its expectations.FY 2014 net profit of 100.88 mln Pounds - Thomson Reuters I/B/E/S.
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Bovis Homes Group Plc:Declares interim dividend of 12.0 pence per share.Interim dividend will be paid on Nov. 21 to holders of ordinary shares on register at close of business on Sept. 26.
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Bovis Homes Group PLC:Says contracts have been signed for two separate private rental sector (PRS) transactions.The Group has signed contracts with two separate investors, one of which is accessing funding through the Government's Build to Rent Scheme, to sell new homes under two PRS transactions across a range of sites already owned by the Group.Two transactions involve circa 510 homes with a total revenue of about 80 mln pounds, which circa 250 homes are expected to legally complete in 2014 with the remainder in 2015.
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Dow Jones reported that Bovis Homes Group PLC said that it has signed a further GBP50 million commitment as part of its banking deal to provide the Group with additional financial flexibility. The Group has signed a GBP50 million extension to the GBP125 million committed revolving credit facility agreed in January taking the facility to GBP175 million in total. Combined with the three year term loan of GBP25 million entered into in January 2013, the Group now has GBP200 million of facilities in place. The GBP50 million extension, with the existing syndicate banks, expires in December 2015 with the remaining GBP125 million expiring in March 2017. This additional facility gives the Group improved financial flexibility to take advantage of opportunities in the consented and strategic land market.
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